Broadstone Net Lease has acquired one property tenanted by BluePearl Veterinary Partners, located in Virginia Beach, Virginia. The property was acquired via a sale leaseback transaction, and carries an initial 15-year lease term.
BluePearl, a subsidiary of Mars Inc., operates emergency and specialty veterinary hospitals based in the U.S., with 53 locations in 18 states. BNL currently owns three BluePearl properties in three states.
- Closing Date: May 12, 2016
- Square Footage: 12,602
- Lease Type: Triple-net
- Lease Length: 15 years
- Rent Increases: 2.15% annually
- Broker/Source: Josh Pardue/Stan Johnson Co.
Note: The brand listed may not represent BNL’s actual tenant but a lease guarantor, tenant franchise or a D/B/A (doing business as).